Merlin Group to Invest ₹10,000 Crore in Bengal, Eyes Expansion in Maharashtra.

Merlin Group, a Kolkata-based real estate developer, has announced plans to invest over ₹10,000 crore in West Bengal over the next seven to eight years, with a focus on expanding townships, retail, and hospitality projects across the state. Additionally, the group is setting its sights on Maharashtra, targeting growth in Pune and Navi Mumbai.

Having developed around 30 million square feet in West Bengal to date, Merlin now plans to add another 15 million square feet, leveraging its 200-acre land bank for various new projects. “Our goal is to expand significantly within Bengal,” said Saket Mohta, Managing Director of Merlin Group, during the unveiling of the group’s new corporate brand identity.

Merlin’s reach extends beyond Bengal, with residential, commercial, and township projects in Ahmedabad, Chennai, Raipur, and Bhubaneswar, covering about 10 million square feet. Another 5 million square feet is slated for development over the next eight years.

With Maharashtra as its next focus, the group is developing four projects in Pune, including a commercial building, a residential complex, and a mixed-use property, covering over 4 million square feet. “In the next five years, we aim to become a leading real estate player in Pune,” Mohta noted, adding that the group is also looking to acquire 2-2.5 acres in Navi Mumbai, with land identification expected within the next nine months.

Currently generating an annual revenue of ₹1,500 crore, Merlin Group projects this figure to reach ₹2,600 crore in the coming years as it expands its footprint across India.

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